Table 7-1 -Refer to Table 7-1. If the Market Price Is $105

question 343

Multiple Choice

Table 7-1
-Refer to Table 7-1. If the market price is $105,

• A)Calvin's consumer surplus is $45 and total consumer surplus is $85.
• B)Sam's consumer surplus is $30 and total consumer surplus is $90.
• C)Andrew's consumer surplus is $15 and total consumer surplus is $67.50.
• D)Lori's consumer surplus is -$2 and total consumer surplus is $100.

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